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“#WhatsApp fined a record $266M over privacy breaches” Facebook’s WhatsApp was fined a record 225 million euro ($266 million) by the Irish data protection regulator on Thursday after the EU privacy watchdog pressured Ireland to raise the penalty for the company’s privacy breaches. WhatsApp said the fine was “entirely disproportionate” and that it would appeal. Still, the Irish…
“# South Korea to take action against unregistered crypto exchanges ” The South Korean government announced today that crypto exchanges will face punishment if they have not voluntarily registered with the country’s authorities by September 24. This new set of regulations will reportedly affect both exchanges based in South Korea and foreign exchanges that operate…
“#Uber dodges $59M fine over sexual assault data sharing refusal” Uber dodged a $59 million fine from California regulators over the company’s refusal to share information about sexual assault and harassment claims. Now, both parties say they have reached an agreement that will see Uber paying $9.1 million and preserving a level of rider privacy….
“#100K for parking on your own property . . . and other town-code outrages” The town of Lantana, Fla., is demanding that Sandy Martinez pay $165,000 in fines, which is nearly four times her annual income and more than half what her house is worth. The municipal-code violations that led to those fines are decidedly less…
“#Google fined $593M in France amid battle over news publishing” Google was hit with a $593 million fine by France’s antitrust watchdog on Tuesday for not properly complying with orders to hold talks with news publishers in “good faith” and for failing to create plans to pay them for their content. In addition to levying…
“#EU fines Volkswagen, BMW $1 billion for emissions cartel” The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems. Daimler, BMW and Volkswagen along with its Audi and Porsche divisions avoided competing on technology to restrict pollution…
“# Korean investigation finds $1.48B in illegal overseas crypto transactions ” An interagency investigation into suspected crypto fraud and money laundering in South Korea has led to the discovery of 1.69 trillion won (about $1.48 billion) in illegal overseas cryptocurrency transactions. According to The Korea Times, 33 people have been implicated by the Seoul Central…
“#China fines tech giants in anti-monopoly cases” Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined 500,000 yuan ($75,000) each for actions including acquiring stakes in other companies that might improperly increase their market…
“#Boeing to pay $17M to settle 737 jet production issues” Federal officials say Boeing will pay at least $17 million and take steps to fix production problems on its 737 jets including the Max. The Federal Aviation Administration said Thursday that the settlement covers the installation of unapproved sensors and other parts on some Boeing…
“#Tesla fined in Norway for ‘throttling’ battery performance” Tesla has been accused of using software to “throttle” the charging speeds and battery capacity of its electric cars in Norway — and now faces $167 million in government-ordered payouts to angry customers. A 2019 software update for Tesla Model S cars sold in Norway between 2013…